OQmented, who specialise in MEMS-based AR/VR display and 3D sensing solutions, have successfully completed a multimillion-Euro financing round. The investment was led by Vsquared, a Munich-based deep tech focused venture capitalist. Among others, the international consortium includes top-notch investor Helmut Jeggle, Chairman of the Supervisory Board of BioNTech, and a renowned Chinese tech entrepreneur.
OQmented was founded in 2018 with the vision to become the innovation leader in optical sensing and displaying for an augmented world. The two founders, with more than 30 years of combined experience in scientific development, together with their team develop and produce MEMS-based LBS (laser beam scanning) systems.
Based on an extensive IP portfolio, their expertise is the key enabler to low-mass, efficient consumer AR/VR glasses and cutting-edge 3D sensing products. “We invested in OQmented as their unique technology may hold the essential key to enable breakthroughs in several industries, such as AR glasses or a broader dissemination of 3D cameras,” says Benedikt von Schoeler, Founding Partner of Vsquared Ventures. He believes the young company is not only ready for the next growth phase, but it is set to revolutionizing automotive and consumer markets. Also on board as new investors are MBG SchleswigHolstein and the Baltic Business Angels.
The startup already have R&D contracts with international tech companies, and are working on establishing high-profile partnerships. The recent investment will accelerate the company’s business development and allow them to increase their engineering staff.
